1. ABOUT PUMA INVESTMENTS: Puma Investments is a member of the Shore Capital Group, an independent investment group specialising in asset management, principal finance and equity capital market activities. Shore Capital was founded in 1985 with offices in Guernsey, London, Liverpool, Edinburgh, Berlin and an affiliate office in Dubai. Over 100 staff – a multi-disciplinary team with a 27 year history. TAX EFFICIENT PRODUCTS: Puma Investments has recently launched Puma VCT 9. Adopting its proven investment strategy, serving to minimise risk, whilst producing regular, tax free dividends to shareholders. Puma Investments will soon launch Puma Heritage Plc, an IHT offering as well as Puma Hospitality, an EIS fund. MARKET COMMENTATORS: “They are, to date, the only limited life VCTs to have reached the benchmark of returning 100p per share to investors.” Martin Churchill: www.taxefficientreview.comwww.taxefficientreview.com “Individuals may take encouragement from Shore Capital’s VCT record to date, which we regard as very good.” Allenbridge: www.taxshelterreport.comwww.taxshelterreport.com PUMA VCT 9 – OPEN FOR INVESTMENT TAX BENEFITS: Upfront 30% income tax rebate to UK taxpayers Intended 6p per share tax-free annual dividend from April 2015 Tax-free capital gains TRACK RECORD: Top performing Limited Life VCTs – Puma VCTs I-V head their peer group for total return Puma VCT and Puma VCT II are the only Limited Life VCTs to have reached the milestone of returning 100p per share to shareholders. Over 50% of Puma VCT investors are repeat investors AWARDS: “The only Limited Life VCT manager shortlisted for ‘VCT House of the Year’ at the 2012 British Private Equity Awards” Investment from £5,000 - £200,000 Offer Price per share 100p 1% Early Bird Discount Offer up until 31 st December Annual Management Charge 2% Initial Costs 5.5% Initial Closing Date: 5 th April 2013 PUMA HERITAGE PLC: An IHT solution launching November 2012 Puma Heritage plc has been established to be the parent company of a group of trading companies (the “Group”) operating in a range of sectors, including secured lending, leasing and the operation of asset- backed businesses. The Group will undertake trading activities with the principle focus on capital preservation, generating stable returns for shareholders and seeking to offer robust downside protection. It is intended that investments in the company will qualify for Business Property Relief (BPR) therefore will fall outside the Estate and so be exempt from Inheritance Tax after a two year holding period. PUMA HOSPITALITY: An EIS Fund launching December 2012 The Puma Hospitality EIS will provide an opportunity to invest in trading companies which own and operate freehold and long leasehold pubs. Puma Investments have identified “LT Pub Management” as being one of the leading pub operators to source and manage the portfolio of pubs. November 2012

2. PRINCIPAL FINANCE:  Shore Capital maintains a substantial war-chest for acquisitions or principal finance activities.  Recent transaction: Spectrum Investments Ltd. Shore Capital invested its own capital for a majority interest in Spectrum which has acquired a controlling interest in the German telecoms business DBD.. ALTERNATIVE ASSET MANAGEMENT: 16 year track record, c.£900m under management. 1. Venture Capital Trusts (the Puma VCTs)  Active since 2005, having raised c.£105m to date and paid out over £57m in dividends to shareholders.; with Puma VCT 9 having launched November 2012  Risk averse approach seeking to provide secured finance for growing businesses – a proven investment strategy. 2. German Property  Manage c.€650m of assets across Germany with a focus on the residential sector.  Expert team operating from our offices in Berlin. 3. UK Property and Hotels  Delivered 39% IRR on our UK commercial property fund launched in 2002 and realised in 2006  Specialist UK hotel vehicle launched in 2004. Puma Hotels owns 20 major hotel properties, for example the Lygon Arms and the Carlton Hotel, Edinburgh. 4. Growth Capital  St Peter Port – AIM listed specialist fund for development capital opportunities including pre-IPO funding. 5. Hedge Funds  Puma Sphera, launched 2006 – a specialist equity long/short hedge fund, 15% annualised return EQUITY CAPITAL MARKETS: 1. Market Making  Leading market maker covering over 1,200 stocks – second largest market-maker on AIM by both value and volume of trades  Comprehensive coverage to UK retail brokerage community as well as multiple institutional investors and hedge funds 2. Sales, distribution and research  Research published on c.200 companies, distributed to over 500 institutions across the UK  Top 5 analyst in six sectors and 10 th Pan-European Brokerage Firm overall, as voted in the Thomson Reuters 2011 Extel UK Small & Midcap Survey 3. Corporate Finance  Full service function: advising on fundraisings, take-over code, M&A; acting as Sponsor on the main List and NOMAD on AIM  Advising 61 retained corporate clients. CONTACT DETAILS: Bond Street HouseAdvisor Helpline: 0207 408 4070 14 Clifford Street,Investor Helpline: 0207 408 4100 London,E: info@pumainvestments.co.ukinfo@pumainvestments.co.uk W1S 4JUwww.pumainvestments.co.ukwww.pumainvestments.co.uk Puma Investments is a trading name of Shore Capital Limited which is authorised and regulated by the Financial Services Authority. FSA Number 437243 ABOUT THE SHORE CAPITAL GROUP DAVID KAYE CEO of Puma Investments TONY THROP Investment Manager ELIOT KAYE Investment Director GRAHAM SHORE Chair of VCT Investment Committee & Puma VCT 9 Director RUPERT WEST Investment Director HUGH ROGERS Business Development Director PUMA INVESTMENTS SENIOR TEAM MICHAEL Van MESSEL Group Chief Financial Officer CHRISTIAN YATES Senior Adviser Important Notice: This fact sheet is for informational and discussion purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any security. Past performance is not necessarily indicative of future results. Neither Shore Capital Group Limited (“Shore Capital”) nor any of its affiliates nor any of their respective directors, officers or employees have made any representation or warranty, express or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of any of the information contained herein (including but not limited to information obtained from third parties unrelated to Puma Investments), and they expressly disclaim any responsibility or liability thereof. Neither Puma Investments nor any of its respective affiliates have any responsibility to update any of the information provided in this summary document. © Shore Capital Group Limited 2012. All rights reserved.